Stock Market, Business, and Investing General - News, Tips, etc

Spy dumping an hour before close as Jerome powell gives a lil talk. I am getting real ending of the big short Vibes right now, needless to say enjoying popcorn, and living the warren buffet lifestyle, may I suggest dairy queen Orange Julius. great food great comfort.
 
Thoughts on SMCI? I put in a lot today. Betting on them not being delisted. They are shorted to the moon, but I would have to assume most of those are getting out. If they make it through that, they can have a nice recovery.

Got rid of my DOGE for the 10th time, will rebuy at .15.

SMCI is current gamble, though.
 
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I couldn't help myself, I had to do a little gamba on SMCI just in case it manages to avoid imminent delisting
Thoughts on SMCI? I put in a lot today. Betting on them not being delisted. They are shorted to the moon, but I would have to assume most of those are getting out. If they make it through that, they can have a nice recovery.

Got rid of my DOGE for the 10th time, will rebuy at .15.

SMCI is current gamble, though.
I like trading gambling in the markets, especially with leveraged instruments. I like it enough to maintain a separate account solely dedicated to trading with fun money. So I wish both of you luck and hope you guys manage to make money out of this. I'll be rooting for both of you.

As for SMCI, it's not looking good. Going off of price action alone, the 20/65 EMA crossover on the 4 hour chart on 10/31 is devastating. Using these same metrics on a 1 day chart would show this crossover occurring on 7/23 and it too shows that this stock, despite it's volatility on shorter timeframes, has mostly eaten ass once you remove the noise via a longer timeframe.

Of course the thesis here is not about past price movement, but whether or not the company can avoid being delisted, resulting in a moonshot and quick gains. I'm not a fan of this idea. Sometimes, companies do delay in filing their 10-Q or 10-K reports, especially if they have a lot of moving parts to them that make presenting concise financial information difficult. They're not typical events but they can happen. What is atypical though, is when a company delays both it's quarterly 10-Q (which they did eventually submit, although I'm not sure if they incurred regulatory penalties for this) and later it's annual 10-K, consecutively. This is suspicious and lends itself to the allegations that someone's been cooking their books.

The auditors who were paid for by SMCI themselves, to make sure that the company kept it's financial records in good order, said to hell with it and walked away. They then issued a statement that translates to "We witnessed what amounts to a trashfire and to protect the reputation and integrity of our firm, we want absolutely nothing to do with this company or anything related to it's financials". To my knowledge, SMCI is still in the process of looking for a new auditor.

To avoid being delisted, there are two things that come to my mind. Either SMCI somehow manages to produce a 10-K filing that passes SEC scrutiny by 11/16, or their request for an extension is granted and they manage to hire an auditor who gets the job done quickly. The fact that their request for an extension on their 10-K directly cites the need to look for an auditor, at this late junction, is very bad.

If SMCI gets their request for an extension granted, this play could have some legs. Just as the price action so far has reflected a loss in investor confidence, being granted an extension would likely spark some hope in enough investors to prop up the stock in the short term. Investor sentiment can change on a dime from 'they're engaging in fraud and can no longer hide it' to 'well, they're part of the S&P 500, are an AI stock, and have a working (albeit diminished) relationship with Nvidia and they now have enough time to avoid delisting'. I don't have any position in SMCI but I hope that their extension gets granted and that they get their shit in order.
 
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Gentlemen,
Can I suggest you to short (or go long) plant genetic engineering companies and/or seed growers like Monsanto for possibly fucking up on sterile plants?
tl;dr sterile hybrid cross-genus plant somehow developed hybrid fertility with other plants. Depending on what genes there is an SCOTUS ruling GMO companies about to monopolize all farmers* or get shafted.
MANHATTAN, Kan. – An official with the Kansas Crop Improvement Association encourages the state’s farmers to look for signs of a wild triticale hybrid found recently in wheat fields.

Marion Spiering, the manager of field services and seed certification for KCIA, said the wheat and triticale hybrid “wasn’t intentionally crossed.”

“We found it in three locations this summer and it was a mystery plant,” Spiering said. “We didn’t know what it was, so I embarked on a quest to figure out what we were finding.”

The unknown plant was easy to spot, Spiering said. “It stands above the canopy, so looking across the field, it’s pretty easy to spot if you get down to the level of the wheat canopy,” she said.

As the official seed and plant-part certifying agency in Kansas, the Kansas Crop Improvement Association routinely inspects fields in the state as part of its quality control system. As producers prepared for inspections this year, some of them spotted the wild hybrid; Spiering said there were reports in south central Kansas, as well as Dickinson and Marion counties.

“At first glance, these farmers probably thought it was rye or triticale,” Spiering said. “But as they got closer to it and looked at the head, they realized it was neither. It was something new.”

Genetic testing confirmed the wheat x triticale hybrid, which Spiering said surprised her: “Triticale already is a cross between wheat and rye, so I honestly didn’t know that a hybrid could hybridize again with wheat,” she said.

The hybrid looks like a wheat head, but more narrow and flat than wheat should be. “I think anybody familiar with what a wheat head, rye head and triticale head looks like would be able to pick it out in their field, and know that it doesn’t neatly fit into any of those categories,” Spiering said.

The hybrid doesn’t have a lot of seed fill – only about three seeds per plant, according to Spiering – so it is not a concern for wheat production in Kansas. But germination tests conducted by the KCIA seed laboratory showed that the seeds that it does produce are 60% viable, meaning there is a slight possibility that the wild hybrid could negatively impact wheat production in the future.

Spiering encourages wheat producers to notify the KCIA if they discover the hybrid in their fields. She said that the organization benefits from having data on the hybrid, and can potentially help confirm that it is, indeed, the suspect hybrid.

In the short term, she said wheat growers who wish to get rid of the suspect hybrid can simply grab a handful – and pull.

“I want folks to know that this isn’t a big concern in Kansas right now,” Spiering said. “Seed certification is dedicated to a traceability system; all of the growers in our state have their fields inspected and they rogue their fields, so it’s not a concern. Seed certification is a great system to keep this under control.”

*The current SCOTUS ruling is that they cannot patent a gene not present in the wild. So what happens is those genes jump into to the wild via horizontal transfer and suddenly Monsanto sues your ass for billions because you used "their genes" in your plants unknowingly.
 
Alright I got a question for some of you. Let's say you recently cashed out $32,000 in dogecoin. You are looking to get into the habit of investing in a fairly safe manner that allows for fairly good growth, and you want to kick it off with this 32k and continue to contribute money consistently in the future. You have zero investing skill or knowledge, and all your financial gains have been blind luck. What would the best move be going forward?
A 6 month treasury bill or a money market giving you time to start learning about how investing works
 
*The current SCOTUS ruling is that they cannot patent a gene not present in the wild. So what happens is those genes jump into to the wild via horizontal transfer and suddenly Monsanto sues your ass for billions because you used "their genes" in your plants unknowingly.
Fuck Monsanto.
 
Hey guys I want to get into stock trading but I have no idea where to start. I’m looking for a free course or video series that covers everything (How to read a chart, stock trading patterns, how to evaluate a company to see if it’s good, etc)
 
Hey guys I want to get into stock trading but I have no idea where to start. I’m looking for a free course or video series that covers everything (How to read a chart, stock trading patterns, how to evaluate a company to see if it’s good, etc)
Your brokerage probably has learning resources on their website or youtube that could help. For example, I use Schwab for my non-retard account, and they have two youtube channels that would cover everything you listed between them. It might sound pedestrian, but it can be difficult for a newbie to separate good information from bad. Your broker has little incentive to mislead you, and providing incorrect information would damage their reputation.

I am mostly self-taught, so I don't know of any channels or series that would take you from start to finish off the top of my head. If you don't mind reading, you could try grabbing a copy of The Art and Science of Technical Analysis by Grimes off of Libgen. It's a lengthy book and I don't recommend reading it from cover to cover since there's too much information to retain, but it is a very good point of reference.
 
Hey guys I want to get into stock trading but I have no idea where to start. I’m looking for a free course or video series that covers everything (How to read a chart, stock trading patterns, how to evaluate a company to see if it’s good, etc)
I'm not really into short term trading but I can suggest the following book: "the intelligent investor" by Benjamin Graham. It's almost the bible of value investing: a strategy that looks for undervalued, solid companies and buys and holds them for longer. The big name in value investing is Warren Buffett, who was a disciple of Graham.
 
Hey guys I want to get into stock trading but I have no idea where to start. I’m looking for a free course or video series that covers everything (How to read a chart, stock trading patterns, how to evaluate a company to see if it’s good, etc)
If you're looking for a magical money formula, you won't find it. I'd suggest just buying a good total market index fund and ignoring everything else. Why bother looking for the needle in the haystack when you can just own the haystack?

If you're willing to put in the work, I'd suggest the Benjamin Graham trilogy: The Intelligent Investor, Security Analysis, and The Interpretation of Financial Statements.
 
Hey guys I want to get into stock trading but I have no idea where to start. I’m looking for a free course or video series that covers everything (How to read a chart, stock trading patterns, how to evaluate a company to see if it’s good, etc)
Now is not the time to try and learn how to trade. I have followed a dozen people over the last 12 years who made me allot of money. over half a dozen of those people who "learned" me so much went insolvent and blew up there accounts.

Paper trade, hypothetical trades with no money see how you do over time, get out of debt, and be a little like warren buffet and horde cash. Lines go up but liquidity is drying up the real economy is tanking, and defaults on cre3dit are sky rocketing. When interest rates are this high getting into the fire your going to get burnt.

I watched some guru's go from millionaires to bankrupt this year alone people I trusted and showed me so much. in the end you are following charts chasing signals and filling gaps. but if you laps judgement, forget your plays for even an hour it can evaporate immediately. and when you loose it all are you using leverage? 15 years of line go up people forgot that the line can go down.

good luck play frugile, and stay away from leverage unless your paying attention.
 
Now is not the time to try and learn how to trade. I have followed a dozen people over the last 12 years who made me allot of money. over half a dozen of those people who "learned" me so much went insolvent and blew up there accounts.

Paper trade, hypothetical trades with no money see how you do over time, get out of debt, and be a little like warren buffet and horde cash. Lines go up but liquidity is drying up the real economy is tanking, and defaults on cre3dit are sky rocketing. When interest rates are this high getting into the fire your going to get burnt.

I watched some guru's go from millionaires to bankrupt this year alone people I trusted and showed me so much. in the end you are following charts chasing signals and filling gaps. but if you laps judgement, forget your plays for even an hour it can evaporate immediately. and when you loose it all are you using leverage? 15 years of line go up people forgot that the line can go down.

good luck play frugile, and stay away from leverage unless your paying attention.
Well Yea. This is what I have done and IT WORKS.

Here is an interesting video that I think gives off some good information.
 
Anyone have good tips/sites for finding good stonks and investments in unfamiliar industries and sectors? Most of my investments so far have been related to the industry I work in and my DD/conviction is determined by my experience with that company and their products. But that leaves me over exposed to that sector, so I would like to invest some money outside of it.
 
How hard is is to start a small payday loan business/"alternate financial service"? The desired interest rates are perfectly legal in my state and is something I think would be very cool to look into in the future. Specifically, if I do pursue this in the future I'd like to start off with a operation offering payday/"signature" loans specifically marketed to people with bad credit, no credit, or past bankruptcies. Alongside this I'd like to offer check-cashing services for people who don't have access to a bank account but need to cash a check- and if it grows big enough I'd like to expand operations to offer Merchant Cash Advances to small businesses in need. Maybe also rent-to-own offerings of furniture and electronics

Anybody with experience in this field or knowledge of laws, regulations, and potential startup costs giving their 2 cents would be much appreciated!
 
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